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Posted On
date_range 15 Oct 2016 11:48 AM GMT Updated On
date_range 15 Oct 2016 11:48 AM GMTNo buyer for Twitter as Salesforce quits race
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New York: In a bad news for Twitter, its last potential buyer Salesforce has decided not to make a bid to buy the struggling micro-blogging website.
Salesforce CEO Marc Benioff told the Financial Times that he has "walked away" from making a bid to buy Twitter.
Earlier, Google, Apple and Walt Disney also decided not to bid for the website.
Twitter stocks fell significantly this week after Google and Walt Disney reportedly ruled out to acquire the struggling micro-blogging platform.
Twitter is expected to announce its next quarterly earnings on October 27.
The acquisition of Twitter -- struggling to add new users amid stalled growth -- may cost over $20 billion.
It currently has 313 million monthly active users.
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